Kuwait: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Kuwait

The Kuwaiti preparations for animal feeding market amounted to $X in 2022, stabilizing at the previous year. Overall, consumption enjoyed a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Production of Preparations Used In Animal Feeding in Kuwait

In value terms, preparations for animal feeding production declined to $X in 2022 estimated in export price. Over the period under review, production posted a mild increase. The growth pace was the most rapid in 2017 with an increase of X%. Preparations for animal feeding production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Preparations Used In Animal Feeding

Exports from Kuwait

In 2022, approx. X tons of preparations used in animal feeding were exported from Kuwait; falling by X% against the year before. In general, exports showed a pronounced contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, preparations for animal feeding exports declined remarkably to $X in 2022. Over the period under review, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for preparations for animal feeding exports from Kuwait, accounting for a X% share of total exports. Moreover, preparations for animal feeding exports to Iraq exceeded the volume sent to the second major destination, Qatar (X tons), threefold. The third position in this ranking was held by Bahrain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Bahrain (X% per year).

In value terms, Iraq ($X) remains the key foreign market for preparations used in animal feeding exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with a X% share of total exports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2022, the average preparations for animal feeding export price amounted to $X per ton, surging by X% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Kuwait

In 2022, the amount of preparations used in animal feeding imported into Kuwait expanded sharply to X tons, increasing by X% against the previous year's figure. In general, imports recorded strong growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, preparations for animal feeding imports totaled $X in 2022. Overall, imports posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Belgium (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of preparations for animal feeding imports to Kuwait, with a combined X% share of total imports. The Netherlands, Italy, Turkey, Germany, the UK, the United States, Thailand, Spain, Pakistan and Tunisia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Thailand ($X) and Belgium ($X) appeared to be the largest preparations for animal feeding suppliers to Kuwait, together comprising X% of total imports. The United States, Italy, Saudi Arabia, the Netherlands, Germany, Turkey, the UK, Spain, Tunisia and Pakistan lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preparations for animal feeding import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preparations for animal feeding import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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